Global Steel Authority WSD Recognized POSCO, and Evaluated 23 Criteria for 35 Global Steel Giants
POSCO Achieves a Perfect Score of 10 in five Key Areas, Including Technological Innovation, Processing Costs, and Upstream and Non-Steel Businesses
POSCO has been recognized as the “World’s Most Competitive Steelmaker” for the 15th consecutive year.
World Steel Dynamics (WSD), a well-known global steel analysis institution, revealed the results of its World-Class Steelmaker Rankings for 2024 on December 22 (local time in New York).
Established in 1999, WSD has, since 2002, evaluated 35 steel companies worldwide based on 23 criteria, including technological innovation, production scale, cost reduction, processing costs, financial soundness, customer access, and raw material procurement.
POSCO achieved the top overall ranking with a score of 8.62 out of 10, despite facing difficult sales conditions both domestically and internationally, including stagnant domestic demand, a surge in low-cost imported steel, and escalating global trade tensions. The company earned top scores in five categories: technological innovation, processing costs, skilled labor, mergers and joint ventures, and upstream and non-steel industries.
These rankings are an essential reference point for assessing the management performance and future potential of major global steel companies.
Earlier this year in April, POSCO was named a Sustainability Champion by the World Steel Association for the third consecutive year. Additionally, at the Steelie Awards in October, the company won top honors in three categories: technological innovation, communications, and education & training.
